free-thinkers.eu Financial astrology: can the stars affect stocks?
Guest@54.166.207.223 | PATH: /reblog/finance/financial-astrology-...
318

Financial astrology: can the stars affect stocks?

Source: http://www.telegraph.co.uk/news/newstopics/howabou...

From The Telegraph

It was the early Sixties, and Arch Crawford was an ambitious young trader working at Merrill Lynch. Raised in the regional backwater of Raleigh, North Carolina, he was determined to make it when his employers transferred him to Wall Street. He spent long nights in the company library, learning the craft of the technical analyst, whose job it is to divine the future worth of a stock, not by examining the company itself but by looking for patterns in its past behaviour. He did well, earning the nickname “Crash Crawford” when he predicted the “flash crash” of 1962. Then, in 1963, he read an article on the front page of The Wall Street Journal, about people who use astrology to guide their trades. “That’s a hoot of an idea!” he thought.

Arch bought a book on the topic, Stock Market Prediction by Donald Bradley. Bradley’s method of foreseeing changes in the market involved assigning a numerical value to the position of the planets and stars on any given day. He then plotted the values on a graph. The peaks and troughs of that line should, in theory, plot “turns” in the fortunes of stocks, bonds and commodities. It sounds utterly mad, but the model has been described by market watcher Peter Eliades as “eerily accurate”.

To continue reading click here
http://free-thinkers.eu/post/248

Other recent posts in /reblog/finance...

307

Lord Browne: fracking will not reduce UK gas prices

By Damian Carrington 29th November 2013 Fracking is not going to reduce gas prices in the UK, according to the chairman of the UK's leading shale gas company. The statement by Lord Browne, one of the most powerful energy figures in Britain, contradicts claims by David Cameron and George Osborne that shale gas exploration could help curb soaring energy bills.
306

Britain's personal debt mountain hits record high of £1,429,624,000,000

By Matt Chorley 29th November 2013 Britain’s household debt mountain has soared to a record £1.43trillion, the Bank of England revealed today. Personal debt has risen steadily since the financial crash, and is now higher than the previous record seen five years ago. The increase is seen as a sign of increased consumer confidence, as the economic recovery gathers pace, but it could also mean more people relying on credit to make ends meet.

Warning your connection is not encrypted

Please consider using SSL (https://) encryption while browsing free-thinkers.eu. Note we do not pay for our SSL certificate, it is self signed. If you get a warning you can safely ignore it. If using Firefox, consider permanently allowing our certificate in your browser. Click the link to use an SSL connection to this page: https://free-thinkers.eu/reblog/finance/financial-astrology-can-the-stars-affect-stocks